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20110731
20110731
Search Results 0 to 6 of about 7 (some duplicates have been removed)
. that it could still fall apart. in these all-important details. let's get right to jon karl who first broke this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> reporter: that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> reporter: late last night, senate majority leader harry reid called off a vote on a debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move tord cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news the two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillion in spending cuts over ten years and a new special congressional committee that would recommend
and jon carmichael shutdown triggered a feeding frenzy. esteban jimenez blames most of the noise on hovering news choppers. he tries to keep away from razedential areas but everyone wants to see the hollywood sign, and, yup, there are houses near it, including george abraham's. he tracks the worst oopedders online. in the past three weeks he's counted 40. >> your house vibrates. if you're watching a television show, you miss the dialogue. if you have a mystery and you want to find out if the butler did it you don't know who did it. >> exasperated ang leinos are looking for help from congress. a bill just introduced would force federal authorities to regulate chopper flight paths and set minimum altitudes above residential areas. for now, residents are fighting back with signs and suggestions. george abraham sees a solution in the helicopter used to get osama bin laden. >> with all the shrouding and special mysterious coverings, well, that was all to supress noise. so it's technologically feasible to do that. >> reporter: until then, the rules say helicopter pilots need only fly s
ceiling. here is senator jon kyl's take on where things on. >> three months ago the president insisted on a clean debt ceiling extension. clearly we will have a significant amount of spending reductions in this proposal. the second thing was he insisted on revenues as he called them. tax increases. there will not be tax increases in this proposal. >> bottom line, the most liberal members are not going to be happy with the details they hear. some of the tea party folks will not be happy with the details they hear but they are trying to find a compromise and obviously the clock is ticking. >> shannon: thank you very much. what does happen if the nation fails to raise the debt ceiling by the deadline on tuesday? nobody really knows for sure. most experts agree the country may not have enough money to pay all of its bills and that means $23 billion of social security checks set to go out on wednesday could be in jeopardy. bondholders will still get paid but that will come at the expense of unemployment, medicaid and defense spending. and you are looking live at the senate floor. a cloture
'm the senate republican whip jon kyl of arizona. by now, but americans the lawmakers are engaged in a difficult debate about the debt ceiling, the legal limit to the amount of money the federal government can borrow. the debt ceiling is currently set at a little more than $14 trillion and if the congress and the president don't reach an agreement to raise it by tuesday, the treasury secretary tells us america will no longer be able to pay its bills. the consequences of missing this deadline could be severe. it is precisely because of washington barrault's so much money, more than 40 cents out of every dollar spent. spending would have to shrink by 40% quickly. what is more, markets would likely respond, dropping in value and hurting their retirement savings of millions of americans. republicans have tried to work with democrats to avoid this result and put our country on a better path, but we need them to work with us. we start from the understanding that the reason the debt ceiling is a problem is because of runaway washington spending. republicans have been united in the belief that raising t
Search Results 0 to 6 of about 7 (some duplicates have been removed)